Which of the Following Does Not Terminate an Offer by Operation

question 126

Multiple Choice

Which of the following does not terminate an offer by operation of law?

• A) destruction of the subject matter
• B) death or incompetency of the offeror or offeree
• C) supervening illegality
• D) lapse of time
• E) Destruction of the subject matter, death or incompetency of the offeror or offeree, supervening illegality, or lapse of time will terminate an offer by operation of law.

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Definitions:

Stagflation

An economic condition characterized by stagnant growth, high unemployment, and high inflation.

Potential Output

The maximum amount of goods and services an economy can produce when it utilizes all of its resources efficiently, without causing inflation.

Golden Age

A period of great happiness, prosperity, and achievement, often idealized in historical contexts or specific fields.

Fiscal Policy

The use of government spending and taxation to influence the economy, including policies aimed at reducing unemployment, controlling inflation, and fostering economic growth.